[Adopted 2-27-1997 by L.L. No. 2-1997]
Pursuant to the provisions of Subdivision 2 of § 458-a
of the Real Property Tax Law of the State of New York, the maximum
veterans exemption from real property taxes levied by the Town of
LeRoy, allowable pursuant to § 458-a of the Real Property
Tax Law, is established as follows:
A.
Qualifying residential property shall be exempt from taxation to
the extent of 15% of the assessed value of such property; provided,
however, that such exemption shall not exceed the lesser of $15,000
or the product of $15,000 multiplied by the latest state equalization
rate for the assessing unit in which said property is located.
B.
In addition to the exemption provided by Subsection A of this section, where the veteran served in a combat theater or combat zone of operations, as documented by the award of a United States campaign ribbon or service medal, qualifying residential real property also shall be exempt from taxation to the extent of 10% of the assessed value of such property; provided, however, that such exemption shall not exceed the lesser of $10,000 or the product of $10,000 multiplied by the latest state equalization rate for the assessing unit in which said property is located.
C.
In addition to the exemptions provided by Subsections A and B of this section, where the veteran received a compensation rating from the United States Veterans' Administration because of a service-connected disability, qualifying residential real property shall be exempt from taxation to the extent of the product of the assessed value of such property multiplied by 50% of the veteran's disability rating; provided, however, that such exemption shall not exceed the lesser of $50,000 or the product of $50,000 multiplied by the latest state equalization rate for the assessing unit in which said property is located.
[Added 5-24-2001 by L.L. No. 2-2001[1]]
Pursuant to the provisions of Chapter 326 of the Laws of 2000,
§ 458-a of the Real Property Tax Law, Subdivision 7, the
Town includes a Gold Star Parent within the definition of "qualified
owner" as provided in § 458-a, Subdivision 1, Paragraph
(c), and includes property owned by a Gold Star Parent within the
definition of "qualifying residential real property" as provided in
§ 458-a, Subdivision 1, Paragraph (d), provided that such property
is the primary residence of the Gold Star Parent. A "Gold Star Parent"
is the parent of a child who died in the line of duty while serving
in the United State Armed Forces during a period of war, as defined
in § 458-a, Subdivision 1, Paragraph (a).
